GIMAC aims to define and establish the regulatory and security framework of the remittance ecosystem, as well as to enhance interoperability between banks, public treasuries, postal and micro finance institutions, and electronic money transmitters in the Economic and Monetary Community of Central Africa (CEMAC).

Powered by TerraPay’s global clearing and settlement service for mobile wallets, the partnership will make it faster for migrants across the globe to send money to mobile wallets and bank accounts, in real time to Central Africa.